Tag Archives: LINK

The general market rally has led to a growth in demand for LINK. As demand drives up the token’s price, investors consistently send their holdings to exchanges for profit. 

Heightened interest in LINK coincided with a surge in prices. However, both network growth and velocity experienced declines, potentially impeding further expansion.

Chainlink’s price chart confirmed that the bulls were still solidly in control. The market structure on the three-day chart was bullish.

Chainlink’s meteoric rise with 14.33% gains in a single day, reawakening dormant wallets, and 27% MVRV profit unveils a unique crypto story.

Chainlink’s price rallied by more than 70% over the last month. Despite a small dip on the 7th of November, most metrics remained bullish on the token at press time.

The $8.15 region was a twelve-hour bearish order block that has been flipped to a bullish breaker by the recent price action- but will LINK prices descend below the $10 psychological support?

Despite its recent price correction, LINK looks poised to continue its bull run.

Chainlink’s latest bullish surge in the second half of October resulted in a substantial uptick in network growth accompanied by a volatility surge. Meanwhile, the network growth is bound to have an impact on the demand for LINK.

From a technical standpoint the recent LINK breakout past the $10 mark was clean. The On-Balance Volume (OBV) pushed above a resistance level that hasted lasted all through 2023.

Using the historical data of the MVRV ratio alongside the price, LINK’s week-long uptick could be paused. Fortunately for the project, the broader market looks unconcerned by the possibility.

Chainlink flipped the previous supply area to support. Can it extend the recovery?

The LINK token experiences a surge in value, driven by increased whale interest and strong price performance. However, the Chainlink protocol faces challenges with declining users and revenue.